stalkstock

Pattern Failure!!

Lång
DFM:DIC   DUBAI INVESTMENTS
I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend.

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